Top CD Rates in America

Pros and Cons of Investing in CD Accounts

Certificates of Deposit accounts otherwise known as CD Accounts are accounts utilized and popular among personal traders, which work similarly to bonds. However, unlike bonds investing in CD Accounts bring about large and unique advantages compared to fixed investments. Between CD and the typical bond, their main difference lies in the manner of paying the interest.

In CD accounts, the interest is paid on the maturity instead of periodically throughout your payments on the account. The primary reason why many people invest in CD Accounts is because of the protection from the Federal Deposit Insurance Corporation or FDIC although not all accounts are protected by the FDIC. CD Accounts are time deposit accounts, which will incur fees when you withdraw before the time of maturity. But there are risk-free CD accounts. The risk-free accounts have lower interest rates but you can withdraw all your funds without any penalty anytime you want.

Categories

This Week’s News

If we have learned anything, the economy is always changing. The current economic conditions seem like they are holding steady, but there are a lot of people that are still on the verge of losing their jobs. In 2008, there were over 1 million jobs lost. To prevent yourself from landing in the unemployment category, […]

Just about everyone is looking for ways to save money on their energy costs. Creating an energy efficient home is easy to do and it won’t cost you a lot of money to do. The great benefit about turning your home into an energy efficient one is that you can actually acquire tax credits and […]

Have you chosen a checking account or a savings account? If you are considering changing your bank or looking for a new bank, how do you get started? What are some of the things that you need to look for? This article will help you to understand how to choose the right bank. Some banks […]

Site Links

CDAccount

CDAccount offers CD Account bank reviews. We help you find the best CD rates to help you grow your savings account. Find out tips on how to earn more from CD Accounts and get the latest financial news and tips from our blog.